About this course
Internal audit, internal financial controls and risk: Judgment and oversight. For Partners; finance directors; audit committee and independent directors. Seven topic lessons and narrated animated explainers, seven knowledge checks, five applied activities and a sampled final assessment. Complete the guided Failed-control evaluation memo. Prerequisite: CA13-10-I01. Original fictional cases explain the Companies Act and applicable governance controls. Confirm current rules, exemptions and live filing requirements for the actual entity. The study estimate measures all required learning; the workbook's 55-minute value was a planning target.
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What you will learn
Course outline
1. Challenge management’s control-effectiveness conclusion
- Challenge management’s control-effectiveness conclusion
- Challenge management’s control-effectiveness conclusion — video
- Topic 1 knowledge check
- Decision Mission: Challenge management’s control-effectiveness conclusion
2. Integrate IT, fraud and financial close assurance
- Integrate IT, fraud and financial close assurance
- Integrate IT, fraud and financial close assurance — video
- Topic 2 knowledge check
- Case Quest: Integrate IT, fraud and financial close assurance
3. Prioritise remediation by impact and recurrence
- Prioritise remediation by impact and recurrence
- Prioritise remediation by impact and recurrence — video
- Topic 3 knowledge check
- Impact Simulator: Control-remediation backlog
4. Evaluate management override and control circumvention
- Evaluate management override and control circumvention
- Evaluate management override and control circumvention — video
- Topic 4 knowledge check
- Practice Lab: Evaluate management override and control circumvention
5. Design combined assurance across audit and risk
- Design combined assurance across audit and risk
- Design combined assurance across audit and risk — video
- Topic 5 knowledge check
- Roleplay Studio: brief the decision-maker
6. Prepare an audit committee decision pack on residual risk
- Prepare an audit committee decision pack on residual risk
- Prepare an audit committee decision pack on residual risk — video
- Topic 6 knowledge check
7. Case: Evaluate a failed financial control and assurance response
- Case: Evaluate a failed financial control and assurance response
- Case: Evaluate a failed financial control and assurance response — video
- Topic 7 knowledge check
Final assessment
- Final assessment